Autohome Inc. (NYSE:ATHM) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its stake in shares of Autohome Inc. (NYSE:ATHM) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 213,572 shares of the information services provider’s stock after selling 4,890 shares during the period. Bank of New York Mellon Corp owned about 0.17% of Autohome worth $7,148,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC boosted its position in shares of Autohome by 169.4% in the 2nd quarter. FMR LLC now owns 1,770 shares of the information services provider’s stock worth $70,000 after buying an additional 1,113 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Autohome by 344.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,602 shares of the information services provider’s stock valued at $110,000 after acquiring an additional 2,791 shares during the last quarter. Captrust Financial Advisors increased its stake in Autohome by 75.3% in the first quarter. Captrust Financial Advisors now owns 3,752 shares of the information services provider’s stock valued at $116,000 after purchasing an additional 1,612 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Autohome by 127.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,822 shares of the information services provider’s stock worth $117,000 after acquiring an additional 2,143 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in Autohome by 2,036.6% during the third quarter. Tower Research Capital LLC TRC now owns 4,145 shares of the information services provider’s stock worth $119,000 after purchasing an additional 3,951 shares during the period. 48.07% of the stock is currently owned by institutional investors and hedge funds.

Autohome Stock Performance

NYSE ATHM opened at $29.24 on Tuesday. Autohome Inc. has a one year low of $23.66 and a one year high of $38.91. The company’s 50 day moving average price is $30.06 and its 200 day moving average price is $30.32. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 13.00 and a beta of 0.26.

Autohome (NYSE:ATHM) last issued its earnings results on Thursday, July 27th. The information services provider reported $0.59 EPS for the quarter, meeting analysts’ consensus estimates of $0.59. Autohome had a net margin of 27.61% and a return on equity of 9.03%. The business had revenue of $252.79 million for the quarter, compared to the consensus estimate of $259.12 million. Sell-side analysts forecast that Autohome Inc. will post 2.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ATHM. Jefferies Financial Group lowered their price objective on shares of Autohome from $48.00 to $46.00 in a research note on Monday, July 17th. StockNews.com raised Autohome from a “hold” rating to a “buy” rating in a research report on Tuesday.

Autohome Company Profile

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.